We could argue (and agree) that Canada isn’t major, but their central bank sold ...

lazide · on Sept 20, 2022

Canada exports large amounts of gold - it’s one of their export commodities. 14B/yr typically.

You don’t need to stick it in a bank when you’re digging it up in a those volumes every year.

ipaddr · on Sept 19, 2022

Canada did it to increase diversity of investment "investing in financial assets that are easily tradable and that have deep markets of buyers and sellers"

The truth is probably based on the money they received from selling the gold as a retail coin